Customized Cash Rewards Secured
The Bottom Line
3.6
BIG4CREDIT RANKING
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fees, welcome offers, 0% intro APR, ongoing APR, perks, benefits, and protections.
Ratings are determined solely by our research and analysis and are never influenced
by card issuers or advertisers. Read about our ranking system in the
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The Bank of America® Customized Cash Rewards Secured Credit Card is a great option for people who want to build or rebuild credit while earning flexible cashback. You can earn 6% cashback in a category you choose during the first year, then 3% cashback afterward, plus 2% at grocery stores and wholesale clubs, and 1% on all other purchases, all with no annual fee. With customizable rewards and a clear path to improving your credit profile, it’s one of the strongest secured cards for earning cashback while building credit responsibly.
Customized Cash Rewards Secured
Apply now
On Bank of America's Secure Website
Annual fee:
$0
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
27.49% Variable APR
Credit Score
300-669 (Poor/Fair)
Rewards Earn 3% cashback in the category of your choice, 2% cashback at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter), and unlimited 1% cashback on all other purchases.
1% - 3% Cashback
Welcome Offer Earn 6% cashback in the category of your choice for the first year.
6% Cashback In The Category of Your Choice for the First Year
Welcome Offer
- Earn 6% cashback in the category of your choice for the first year.
Rewards
- 3% Cashback in the Category of Your Choice: Gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement/furnishings. You can change the choice category once every calendar month.
- 2% Cashback at Grocery Stores and Wholesale Clubs: Up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter.
- 1% Cashback on All Other Purchases.
Redemption Options
- Redeem rewards as a statement credit or direct deposit into an eligible Bank of America® or Merrill® account.
Fees and APR
- Minimum Security Deposit: A minimum security deposit of $200 (maximum of $5,000) is required to open this account. Your maximum credit limit will be determined based on the security deposit you provide, along with your income and ability to repay the credit line.
- Annual Fee: $0.
- Regular APR: 27.49% Variable APR.
- Balance Transfer Fees: 5% of each transfer amount.
- Foreign Transaction Fee: 3% of each purchase transaction in U.S. dollars.
Additional Features
- Learn More About Credit: Get access to helpful credit education on topics like using credit cards responsibly, budgeting, and building healthy credit habits.
- Zero Liability Protection: You won’t be held responsible for unauthorized charges made with your card or account info, just report them promptly.
- 24/7 Fraud Monitoring: Your account is continuously monitored for unusual activity. Potential fraud is blocked, and you’ll be alerted if suspicious transactions are detected.
- Digital Wallet Compatible: Easily add your card to Apple Pay®, Google Pay™, or Samsung Pay® for fast, secure, contactless payments in-store, in-app, and online.
- Balance Connect® for Overdraft Protection: Link your eligible Bank of America® checking account to your credit card to help avoid declined purchases or returned checks. No transfer fees, other fees may apply.
- Account Alerts: Stay on top of your balances, due dates, and transactions with customizable email or text alerts, so you’re always informed and in control.
Terms and Conditions
Click Apply Now to see the terms and conditions.